Exchange-traded fund assets hit a record for the third month running, according to new statistics, which found that assets across all exchange-traded products have exceeded $1 trillion (€675bn) for the first time.

The global ETF industry managed $934bn at the end of September, up 4.8% from the end of August, according to the latest monthly statistics from Barclays Global Investors. Assets in other exchange-traded products, such as exchange-traded notes and commodities, rose 15% to hit $106bn - meaning the total figure across the board totalled $1.04 trillion, an all-time high for the industry.